Gas Prices: AAA’s Fuel Gauge Report | April 1, 2013
(WASHINGTON, April 1 ,2013) Today’s national average price for a gallon of regular unleaded gasoline is $3.63. This price is four cents less expensive than one week ago, 12 cents less than one month ago and 29 cents less than one year ago. The national average has fallen for 12 consecutive days and 29 of 33 days since the peak 2013 price to date of $3.79 on Feb. 27.
At the state level, prices have fallen for drivers in the vast majority of the country. Forty-two states have a lower average price today than one week ago, led by declines of more than a dime in three states: Ind. (15 cents), Ohio (14 cents) and Mich. (12 cents). Forty-five states and Washington D.C. have a lower average price than one month ago, led by declines of more than 20 cents in five states: Ohio (24 cents), Ga. (24 cents), Mich. (21 cents), Fla. (21 cents) and Ind. (20 cents). The only five states where motorists pay a higher average price than one month ago are in the Mountain West: Idaho (0.03 cents), Colo. (0.6 cents), Utah (4 cents), Wyo. (4 cents) and Mont. (5 cents).
Despite experiencing the two largest month-over-moth increases at the pump, motorists in Wyo. and Mont. still pay the least in the nation for a gallon of gasoline at $3.33 and $3.36 respectively. Drivers in only two states pay an average of more than $4.00 (Hawaii $4.38 and Calif. $4.04), which is the fewest since February 19.
While retail gas prices declined steadily in March, oil prices creeped higher on signs of continued economic recovery. West Texas Intermediate (WTI) began the month with what was at the time it’s lowest settlement of the year ($90.68 per barrel) before rising to end March at it’s highest price since February 14 ($97.23). Prices retreated slightly today as WTI settled 16 cents lower at $97.07 per barrel at the close of formal trading on the NYMEX.